The electronics giant has rolled out its mobile wallet in a country where smartphone based payments are taking off.
The Samsung Pay platform has now officially launched in India. This hasn’t come as any surprise as many have expected the service to enter the country for the last several weeks. The company gave its official confirmation of the launch at the start of this week.
The company has pointed out that the service remains in an Early Access form for Indian consumers and businesses.
That said, the Samsung Pay platform is indeed available through a number of different banks, which include ICICI Bank, Axis Bank, HDFC Bank, SBI and Standard Chartered. All debit and credit cards from those banks are supported by this mobile wallet except for SBI. From SBI, only the credit cards are supported by the mobile payments service.
According to a statement from Samsung on the official service site, Indian consumers will also soon be able to add their Citi Bank and American Express cards, too.
The Samsung Pay platform also allows users to complete transactions through the Paytm wallet.
The Samsung Pay service supports both MST (Magnetic Secure Transmission) and NFC (near field communication) technology. This makes it possible for a range of mobile device users to be able to use this transaction option. It also means that it is compatible with many kinds of payment terminal readers.
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The smartphones that are compatible with this mobile wallet solution include the Galaxy Note 5, Galaxy S6 Edge+, Galaxy S7, Galaxy S7 Edge, Galaxy A5 and the Galaxy A7.
To use the service, a consumer needs to register for it. Then install the app on their compatible smartphone. If it isn’t already in the app drawer, they should check to make sure they have the most up to date version of the application. Once it’s installed and up to date they can open the app and access Settings > Accounts > Add Samsung Account to be able to enter their unique Samsung Account ID and password. From there, users are walked through the process.
Authentication through the Samsung Pay platform can be confirmed via fingerprint or PIN.